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Central Bank conducts no currency interventions to support dollar rate

12.08.2002 | Source:

Pravda.Ru

 

Tomorrow deals on the dollar remain at the same level on the Russianinterbank market now as in the morning today. The weighted average dollarrate does not surpass RUR 31.58 and the high on the dollar is still belowRUR 31.59. This means that the dollar rate is only RUR 0.02-0.03 higherthan the official dollar rate set for August 13 now. Probably, thisinsignificant difference in the exchange rates allows the Central Bank toconduct no currency interventions and not to interfere in the tradingsession on the interbank market, banking specialists reported in aninterview with RBC. They stressed that the trade volume was also rather lowin the afternoon, which testified there were no currency interventions bythe Central Bank. Analysts believe that the present situation on the marketmeets the interests of the Central Bank and that is why it is not takingpart in the trading session..

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